QS Recruitment, a Nottingham, UK-based provider of business recruitment services, recevied a £2m investment from Foresight Group.
The Foresight Nottingham Fund supported a Management Buyout (structured by Royal Bank of Scotland with a Term Loan and Invoice Discounting facility) in which QS Recruitment Sales Director and Managing Director Peter Gillespie has led the deal and become a shareholder in the business alongside Brian Smith and Kevin Gray.
The company now plans to expand the business into new geographical locations across the Midlands and strengthen its healthcare offering.
Established over 20 years ago, QS Recruitment provides recruitment services to businesses throughout the East Midlands and South Yorkshire.
It today offers services to clients and job seekers across six specialist divisions; Driving, Industrial, Engineering, Catering, Office and Care.
The company, which has offices in Nottingham, Burton, Lincoln, Derby and Worksop, has sales to an excess of £8m.
The management team also added new Chairman Alan Dickinson, formerly Managing Director of Michael Page UK, and Tony Daly as Finance Director.